The majors today ahead of those key earnings tomorrow. Yields, theyre lower across the curve today. We will continue to watch that. And which takes us to the talk of the tape. With stocks trading around record highs, is it time to lean into this bull market or step a bit back . Lets ask liz ann sanders. Shes schwab chief investment analyst, joining us live. Nice to see you again. Welcome back. Thank you very much. Happy tuesday, scott. You as well. What do you think of that question . Time to lean in or maybe take a few toes out of the market . Well, we have 9 trillion of client assets. I would ask who is the client, what the structure of the portfolio, whether they are on some sort of rebalancing schedule. I think periodically rebalancing is just a beautiful exercise especially if you make a portfolio base as opposed to structuring it around the calendar, which a lot of investors do. It will force us to do a version of what we know we were suppose to, which is add low and trim high. S
Plus a blockbuster beat. Its wednesday, may 8th, 2024. Youre watching Worldwide Exchange right here on cnbc good morning welcome to Worldwide Exchange. Were coming to you live from c in cnbc london. Were going to take a look at the futures. We saw the dow arise awe three of the indices have now turned very slightly to the red right now, this as investors continue to wade through the thick of the earnings season with 35 of the s p 500 Companies Already reporting their results. Were taking a look at the bond market as we always do with the 10year yield trading at 4. 5 . Take a look right here the 2year note is at 2. 83. We may be through the busiest stretch of earnings, but theres still a long way to go with reports coming up higher. Jim cramer had Steve Huffman of reddit on last night. Every companies customers are on reddit. By making our ad tools easier to use and making our ads better and better, were recognizing that position. Lyft is posting a second positive quarter it expects hig
Could even raise rates too thats interesting. Druckenmiller talked me into no guidance. That sounds like what kashkari said yesterday. It could be anything. If youre truly independence, how can you give guidance . Its sort of the transparency. If you really dont know hourks do you give guidance . At least so thats symmetric risk i would like to believe if they needed it, theyll do it i was thinking about the dow managing the close higher, up 32 disney was down 11 what is it 7 or 8 or something . Its a lot. The rest of the components and we have tom rogers coming on to talk about disney. We should you know, he did not give us an indication we talked about the trading down and the experiences and whats going on at the parks. If you look at what really happened in the market, it was on the guidance all around the parks, but there was this sort of i think theres a disappointment in the sub levels. He gets down and looks at what theyre drinking at the parks. I think hes a good man. I think
A real yield hogs, we consider the frenzy over the loan market. With a big issue carried Interest Rate risk in the bond market. During the summer, it was almost as if Bond Investors were making another run at treasuries. They wanted to get the 10 year below 2 more more time and it is built on the base of market is never going to grow again, we will not see any fiscal policy, it and they had it completely wrong. The fed is moving towards regaining credibility so investors are, we know what their plan is, we can make investments based on this and you will see people react in. The fed has clearly said this is what we want to do. We want to reload their cannons. Sheett to get the balance down and normalize the frontend of the curve. You see the betting odds on the december hike changed dramatically. Views low inflation as a way to continue with gradual pace. The market thinks fed shouldnt touch rates unless we are at 2 inflation. I believe janet yellen, that the u. S. Economy is time, itni
Rose through the ranks over the next three decades. In his first book hit refresh, he sheds light on his career in microsoft and how Artificial Intelligence will shape the future. Joining me on bloomberg 1. 0, microsoft ceo satya nadella. The story of how you got from india to microsoft is not your typical immigrant story. You describe yourself as a not so ambitious student. You failed an entrance exam. You said you wanted to play cricket and work at a bank. Yet here you are, the ceo of one of the Biggest Technology companies in the world. Satya i was not planning on looking back at my life. I was thinking of what is the transformation i am going yet here you are, the ceo of one through while going through it. With some encouragement, i went back and tried to trace one of these hit refresh moments from my past. I think the thing i now recognize more so than when i was growing up is the space i got. I think the ability to think for yourself, the ability to follow your own passion was ju